CPA reviewing financial audit

Florida Sales Tax Audit Defense: How a CPA Reviews FDOR’s Markup Calculation

When the Florida Department of Revenue uses the markup method, it estimates your restaurant’s sales from your purchases and treats any shortfall as unreported and taxable. That estimate rests on assumptions that are frequently wrong: the markup percentage, the sample period, and the reductions left out. A CPA reviews the audit by reconciling the auditor’s

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